The Week Ahead: Glowing report on Dialight’s prospects



Who will shine the brightest when they reveal results this week? Investors in Newmarket–based LED company Dialight will be hoping they have picked a bright spark. Canaccord Genuity thinks so. The analysts think the light-emitting diode lighting specialist will produce growth to exceed 50 per cent in the first half. They think the “high reliability and efficiency of LED lighting” will continue to “drive rapid market adoption and high growth” because it currently only has “market penetration of 1 per cent”. Management expect to be on track for a full-year profit of £24.8m and Canaccord rates it a buy with a 1,450p price target.

Results/Updates: Anglo Platinum, Dialight, Filtronic.


Premier Foods was in focus last week on vague rumours of bid interest but it will update the market tomorrow with its half-year results. The Hovis-to-Bisto food producer is expected to update on its restructuring of its bread business, its pension and debt situation. Investec rates it a buy with a 95p price target because it thinks the “UK grocery environment is a tad better”. Investec expects it to beat last year’s sales of £633m and trading profit of £32m at the half year.

Results/Updates: Beazley, Carpetright, Croda International, Hogg Robinson, IG Group, Premier Foods, Provident Financial, PZ Cussons, Petropavlovsk, Sage Group, Scapa Group.


GlaxoSmithKline had a terrible week last week when accusations emerged that it has been making bribes in return for business in China. But Morgan Stanley’s scribblers rate the pharmaceutical giant neutral. They increased their price target for the shares to 1,710p ahead of its half-year figures on Wednesday that kick off the second-quarter reporting season for the pharmaceutical giants. Morgan Stanley predicts second-quarter pre-tax profit of £1.7bn. It factors in the planned disposals of Lucozade/Ribena.

Results/Updates: Arm Holdings, GlaxoSmithKline, National Express, Renishaw, APR Energy, British Land, Carphone Warehouse, Close Brothers, Compass Group, easyJet, IQE, Kingfisher, Kofax, PayPoint, Tate & Lyle, JD Wetherspoon.


Shares in Unilever fell last week when analysts at Credit Suisse cut their rating for the consumer goods giant to underperform and said “there is a lot that is better today about Unilever than for many a year, but the valuation looks fully up with events to us, in a sector that looks expensive in general”. But scribblers at Deutsche Bank retain their hold rating for the ice-cream to soap and soup maker, and think the half-year results on Thursday will show a healthy performance. They expect margins to rise by 40 basis points.

Results/Updates: Bodycote, Capita, Colt Group, CSR, Cable & Wireless Communications, Daily Mail & General Trust, Euromoney Institutional Investor, Howden Joinery, Fuller Smith & Turner, Great Portland Estates, Hibu, Lancashire Holdings, Nichols, Reed Elsevier, Rolls-Royce, Shire, Travis Perkins, Unilever, ReNeuron, Britvic, BT Group, Invensys, Kazakhmys, Lonmin, Marston’s, Mitchells & Butlers, Polyus Gold International, Qinetiq, SABMiller, Shanks, SSE, Synergy Health, Titon Holdings, Victrex, Workspace.


The pay-TV group BSkyB has some competition to deal with and its full-year results on Friday will give investors a chance to see how it is dealing with the likes of BT. Roddy Davidson, analyst at Westhouse, said: “The winds of competition are strengthening for BSkyB,” but “its core strengths, including an unrivalled content proposition, loyal subscriber base, culture of innovation and marketing skills” still make it attractive. He thinks dividends will continue to rise at the group. Peel Hunt expects BSkyB to meet market forecasts with sales expected to come in at £7.2bn with a £1.4bn profit.

Results/Updates: Anglo American, British Sky Broadcasting, BG Group, Pearson, Spectris, Immunodiagnostic Systems, KCOM, Torotrak, United Utilities.

peopleFrankie Boyle responds to referendum result in characteristically offensive style
Life and Style
Couples have been having sex less in 2014, according to a new survey
New Articles
i100... with this review
Holly's review of Peterborough's Pizza Express quickly went viral on social media
footballTim Sherwood: This might be th match to wake up Manchester City
Arts and Entertainment
musicHow female vocalists are now writing their own hits
New Articles
ebooksAn unforgettable anthology of contemporary reportage
Arts and Entertainment
musicBiographer Hunter Davies has collected nearly a hundred original manuscripts
Blahnik says: 'I think I understand the English more than they do themselves'
Arts and Entertainment
Michelle Dockery as Lady Mary Crawley in Downton Abbey
TVInside Downton Abbey series 5
Life and Style
The term 'normcore' was given the oxygen of publicity by New York magazine during the autumn/winter shows in Paris in February
fashionWhen is a trend a non-trend? When it's Normcore, since you ask
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Senior BA - Motor and Home Insurance

£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...

Market Risk & Control Manager

Up to £100k or £450p/d: Saxton Leigh: My client is a leading commodities tradi...

SQL Developer - Watford/NW London - £320 - £330 p/d - 6 months

£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...

Head of Audit

To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...

Day In a Page

Scottish referendum: The Yes vote was the love that dared speak its name, but it was not to be

Despite the result, this is the end of the status quo

Boyd Tonkin on the fall-out from the Scottish referendum
Manolo Blahnik: The high priest of heels talks flats, Englishness, and why he loves Mary Beard

Manolo Blahnik: Flats, Englishness, and Mary Beard

The shoe designer who has been dubbed 'the patron saint of the stiletto'
The Beatles biographer reveals exclusive original manuscripts of some of the best pop songs ever written

Scrambled eggs and LSD

Behind The Beatles' lyrics - thanks to Hunter Davis's original manuscript copies
'Normcore' fashion: Blending in is the new standing out in latest catwalk non-trend

'Normcore': Blending in is the new standing out

Just when fashion was in grave danger of running out of trends, it only went and invented the non-trend. Rebecca Gonsalves investigates
Dance’s new leading ladies fight back: How female vocalists are now writing their own hits

New leading ladies of dance fight back

How female vocalists are now writing their own hits
Mystery of the Ground Zero wedding photo

A shot in the dark

Mystery of the wedding photo from Ground Zero
His life, the universe and everything

His life, the universe and everything

New biography sheds light on comic genius of Douglas Adams
Save us from small screen superheroes

Save us from small screen superheroes

Shows like Agents of S.H.I.E.L.D are little more than marketing tools
Reach for the skies

Reach for the skies

From pools to football pitches, rooftop living is looking up
These are the 12 best hotel spas in the UK

12 best hotel spas in the UK

Some hotels go all out on facilities; others stand out for the sheer quality of treatments
These Iranian-controlled Shia militias used to specialise in killing American soldiers. Now they are fighting Isis, backed up by US airstrikes

Widespread fear of Isis is producing strange bedfellows

Iranian-controlled Shia militias that used to kill American soldiers are now fighting Isis, helped by US airstrikes
Topshop goes part Athena poster, part last spring Prada

Topshop goes part Athena poster, part last spring Prada

Shoppers don't come to Topshop for the unique
How to make a Lego masterpiece

How to make a Lego masterpiece

Toy breaks out of the nursery and heads for the gallery
Meet the ‘Endies’ – city dwellers who are too poor to have fun

Meet the ‘Endies’ – city dwellers who are too poor to have fun

Urbanites are cursed with an acronym pointing to Employed but No Disposable Income or Savings
Paisley’s decision to make peace with IRA enemies might remind the Arabs of Sadat

Ian Paisley’s decision to make peace with his IRA enemies

His Save Ulster from Sodomy campaign would surely have been supported by many a Sunni imam